Bithumb Appoints Compliance Officer Formerly with Goldman Sachs and Nomura

Recruitment of Lee Yujeong, Former Head of Compliance Division at Goldman Sachs

[Asia Economy Reporter Minwoo Lee] Domestic cryptocurrency exchange Bithumb has recruited a compliance expert who previously worked at Goldman Sachs and Nomura Securities. Through this, the company aims to strengthen internal controls to the level of financial firms.

Bithumb announced on the 25th that it has newly appointed Lee Yujeong, former head of compliance at Goldman Sachs, as its compliance officer.

Lee is an expert who has worked for over 20 years at global financial firms, leading the establishment of compliance culture and strengthening internal control operations. With more than 10 years of experience in anti-money laundering (AML) and customer verification, Lee is considered the ideal candidate for compliance monitoring at cryptocurrency exchanges ahead of the reporting requirements under the Act on Reporting and Using Specified Financial Transaction Information (the Specified Financial Transaction Information Act).

After graduating from Korea University Business School, he joined the Export-Import Bank of Korea in 1995. He served as head of compliance at Nomura/Lehman Brothers Securities Seoul branch in 2006 and as head of compliance at Goldman Sachs in 2010.

Based on this experience, Lee will lead efforts at Bithumb to ▲register virtual asset businesses ▲handle internal and external inspections and investigations ▲implement anti-money laundering measures ▲and strengthen the internal control system.

A Bithumb official stated, "Going forward, Bithumb will establish anti-money laundering systems and internal control systems comparable to those in the financial sector, leading the transparency and reliability improvement of the virtual asset industry."